Bay Area Specialty Trade Plumber For Contractors and Builders! (71399)

Financial & Assets Details

About the Business

Business Description

Prime Californian Company over 60 years old is a special trade contractor offering plumbing installations and reparation services for suppliers and builders. Company’s primary projects include new home constructions as a key focus, as well as residential remodels and repairs. Business operates from a 1,600 square foot facility, leased from a third party for $1,450 monthly. Discretionary Earnings have remained above $250K for the past three years and are expected to continue its trend, as 2020 saw a value of $260K, and up to $251,000 in 2021. To continue providing quality services to its geographic region, Buyer requires warehousing to store materials, tools, and equipment. Company has a proven track record that’s supported by 68 years of ongoing business. Through their niche range of amenities, company’s marketing efforts focuses on targeting commercial enterprises, builders and contractors within the Bay Area of CA. Revenues continue to increase thanks to a fresh focus on new home construction and remodeling applications. Revenues in 2022 totaled around $893,000 with Discretionary Earnings of $320,000. 2023 is projected to reach a million dollars in gross sales and return with profit lines years prior to Covid. With its loyal and large clientele base plus a solid reputation, company continues to attract new customer while maintaining its reputation with existing ones.

Seller Financing

Financing can be negotiable for the right buyer.

Support & Training

While the foreman and employees would most likely stay on, the owner will be available for a standard transitioning period.

Reason for Selling:

Approaching retirement.